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“Zurich does LIE”

written by oldharold on 07/03/2014

I purchased a whole life policy to provide an annuity in later years. I thought I was doing business with a reputable insurance company. Several years after I purchased the policy, I received a nice letter from Chase Insurance, (as in CHASE BANK), informing me that they were taking over my policy. If this were not bad enough, I then received a letter from Chase Ins. informing me that they had merged with someone called Protective Life. I guess it wasn't necessary to consult me.

I received annual reports from Zurich, but Chase and Protective Life do not find it necessary to send this information to the policy holders. I did get one report after I called and requested it.

If this were not enough, I became concerned after reviewing some of their reviews. There seem to be quite a few. I have a nagging concern that some day after I'm gone, my wife might have trouble getting paid the annuity. Do I have reason to be concerned? I'll never know. After I die my wife will find out.

Why did all this happen? Maybe some CEO's (Zurich and Chase)needed a few $$$extra million$$$ for their retirement.

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